Pre-market trading activity and scheduled economic data that may have an impact on the global financial markets.
WORLD HEADLINES – Oil extended its retreat from a seven-week high on supply concerns, while European shares rose as data showed economic activity in France picked up this month.
STOCKS – Futures markets pointed to a higher Wall Street open, having ended little changed on Monday.
BONDS – U.S. Treasury bond volatility held near a 20-month low. Markets have been dominated over the past week by speculation about the timing of the Federal Reserve’s next increase.
COMMODITIES – Oil remained under pressure after shedding 3 percent on Monday amid worries about burgeoning Chinese fuel exports, more Iraqi and Nigerian crude shipments and a rising U.S. oil rig count. Natural Gas futures trading was active during the London session, approaching near term resistance.
CURRENCIES – New Zealand’s currency strengthened after its central bank said the pace of interest-rate cuts in the nation will be gradual.
ECONOMIC DATA – US New Home Sales due at 10:00 ET.
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